Posted at 03 April 2026 / Categories Market Roundups
Market Roundup
•US Initial Jobless Claims (Apr): 202K, 212K forecast, 211K previous.
•Canada Trade Balance (Feb): -5.74B, -2.50B forecast, -4.18B previous.
•US Trade Balance (Feb): -57.30B, -60.50B forecast, -54.70B previous.
•US Continuing Jobless Claims: 1,841K, 1,840K forecast, 1,816K previous.
•US Exports (Feb): 314.80B, 302.20B previous.
•US Imports (Feb): 372.10B, 356.90B previous.
•US Goods Trade Balance (Feb): -84.60B, -81.80B previous.
•Canada Exports (Feb): 66.31B, 62.32B previous.
•Canada Imports (Feb): 72.05B, 66.50B previous.
•US Jobless Claims 4-Week Avg.: 207.75K, 210.75K previous.
•US All Car Sales (Mar): 2.70M, 2.68M previous.
•US All Truck Sales (Mar): 13.65M, 13.08M previous.
•US Natural Gas Storage: 36B, 38B forecast, -54B previous.
•US 8-Week Bill Auction: 3.620%, 3.630% previous.
•US 4-Week Bill Auction: 3.620%, 3.620% previous.
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro dipped against dollar on Thursday after U.S. President Donald Trump's address on Iran shattered hopes for a swift end to the conflict, sending investors towards safe-haven dollar. In an eagerly anticipated address, Trump vowed more aggressive strikes on Iran in the next two to three weeks, offering no concrete timeline to open the Strait of Hormuz or end the war that has rattled investors and roiled markets.Investors were quick to sell risky assets such as stocks and buy the U.S. dollar, pushing the yen, euro, and sterling lower. The euro fell 0.45% to $1.1536. Immediate resistance can be seen at 1.1560(38.2%fib), an upside break can trigger rise towards 1.1629 (April 1st high).On the downside, immediate support is seen at 1.1417(SMA 20), a break below could take the pair towards 1.1401(Lower BB).
GBP/USD: The British pound edged lower on Thursday as investor caution returned following U.S. President Donald Trump’s prime-time address, which offered no clear timeline for ending the Middle East conflict.Trump stated that the U.S. operation was nearly complete but signaled further escalation, including potential strikes on electrical infrastructure over the coming weeks. The absence of fresh justification for the conflict added to market unease.Persistent geopolitical uncertainty and rising inflation concerns have also led investors to reassess Bank of England policy expectations. Markets are now pricing in two rate hikes in 2026, reversing recent shifts that had briefly pushed expectations below that level. Immediate resistance can be seen at 1.3236(SMA 20), an upside break can trigger rise towards 1.3399(50%fib).On the downside, immediate support is seen at 1.3228(38.2%fib ), a break below could take the pair towards 1.3156(Lower BB).
USD/CAD: The Canadian dollar weakened against the U.S. dollar on Thursday as fading optimism over a potential end to the Middle East conflict dampened sentiment, while domestic data showed a larger-than-expected trade deficit.The U.S. dollar strengthened broadly against a basket of major currencies. Meanwhile, oil prices surged, with U.S. West Texas Intermediate crude jumping 8.7% to $108.79 per barrel and Brent crude rising 4.8% to $106.03.Data showed Canada’s trade deficit widened to C$5.74 billion in February from a revised C$4.18 billion in January, driven by a sharp rise in gold imports that pushed total imports to a record high. The figure came in well above market expectations for a deficit of C$2.25 billion. The loonie was trading 0.4% lower at 1.3925 per U.S. dollar, or 71.81 U.S. cents, after moving in a range of 1.3870 to 1.3933. Immediate resistance can be seen at 1.3971(23.6%fib), an upside break can trigger rise towards 1.3991(Higher BB).On the downside, immediate support is seen at 1.3854(38.2%fib), a break below could take the pair towards 1.3770(50%fib)
USD/JPY: The U.S. dollar strengthened against the yen on Thursday after comments from U.S. President Donald Trump dampened hopes for clarity on the end of the Middle East conflict.In a prime-time address, Trump said the U.S. would strike Iran “extremely hard” within weeks, adding that military objectives were nearly achieved and the conflict was nearing its conclusion. He also noted that the United States does not rely on the key oil transit route, suggesting it would reopen naturally once the conflict subsides.Focus now shifts to Friday’s U.S. non-farm payrolls report, where economists expect job growth of around 60,000 in March.The Japanese yen weakened to 159.49 per dollar, though it remained below the key 160 level, widely seen as a potential trigger point for intervention by Japanese authorities. Immediate resistance can be seen at 159.79Daily high) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.99(SMA20) a break below could take the pair towards 158.08(38.2%fib).
Equities Recap
European shares finished the day in mixed territory after a volatile session, as fears of escalation in the U.S.-Iran war upended global markets once again.
UK's benchmark FTSE 100 closed up by 0.69 percent, Germany's Dax ended down by 0.56 percent, France’s CAC finished the day down by 0.24 percent.
U.S. stocks ended slightly mixed on Thursday, recovering from earlier losses as easing Middle East tensions calmed markets unsettled by Trump’s tougher Iran stance ahead of a long holiday weekend.
Dow Jones closed down by 0.13percent, S&P 500 closed up by 0.11 percent, Nasdaq settled up by 1.18percent.
Commodities Recap
Oil prices surged on Thursday, while global equities were mixed in volatile trade as investors weighed conflicting developments and signals surrounding the Iran war.
Brent futures rallied to end up 7.78% at $109.03 a barrel,as U.S. West Texas Intermediate settled up 11.41% to $111.54.
Gold pulled back sharply on Thursday after jumping 2% in the prior session on ceasefire hopes.
Spot gold fell 1.85% to $4,669.05 an ounceand U.S. gold futures settled down 2.8% at $4,679.70.